Equity Release Explained | Lifetime Mortgages | Equity Release FAQs | Q & A Solicitor Interview

In today's episode Peter Barton, Equity Release Partner at Ashfords LLP, joins Sean Rogers, solicitor and My Legal Club Founder, to discuss equity release, lifetime mortgages, and answer frequently asked questions about equity release and the legal process.

What is equity release?

For many equity release has a bad reputation. Is that fair? What has been done in the past decade to improve regulation in this area and improve the reputation of equity release?

What are the most common reasons for seeking equity release?

What is the age barrier to equity release?

What criteria do you need to apply when assessing whether a solicitor should represent a client for equity release, e.g. when would it not be suitable to proceed?

What is the process for equity release in respect of the legal work? What are the key milestones from start to finish?

Do you see many situations where cases do not complete after starting the process of equity release with a solicitor? If so what are the most common reasons for failure and is there anything which can be done to mitigate against these factors?

-How long does the equity release process take?

What is the situation regarding a homeowner who has a Lasting Power of Attorney in place? Can equity release still be an option with a Lasting Power of Attorney?

How do home visits compare to zoom/video meetings with clients?

Do you think we will see an increase in equity release instructions 2022 and beyond?

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The content of the show is for information purposes only and does not constitute advice.